Collaboration within a law firm is as self-evidently a good thing as motherhood and apple pie. But then you might think the case for global warming is pretty clear too. So, despite the wave of professional recognition Harvard Law School professor Heidi Gardner (pictured) has received for her work on team-working, her new book, Smart Collaboration, has the considerable challenge of getting lawyers past the outskirts of platitudinal praise and towards the town centre of actual working habits. Continue reading “A buzzword with edge – Macfarlanes head reviews the most hyped professional services book for years”
‘A relentless treadmill’: Nearly half of senior judges are considering quitting amid pay and workload grievances
The most recent Judicial Attitude Survey has revealed that a high proportion of senior judges are intending to quit the judiciary in the next five years, citing an array of grievances. Continue reading “‘A relentless treadmill’: Nearly half of senior judges are considering quitting amid pay and workload grievances”
Taking action: HSF sues partners who quit to launch White & Case in Australia
Herbert Smith Freehills (HSF) is suing eight partners who quit to join White & Case, filing a lawsuit at the Supreme Court of New South Wales last week. Continue reading “Taking action: HSF sues partners who quit to launch White & Case in Australia”
Linklaters leads for Reckitt Benckiser on $17.9bn acquisition of Mead Johnson
Linklaters, Davis Polk & Wardwell and Kirkland & Ellis have all won roles advising on Reckitt Benckiser’s (RB’s) $17.9bn acquisition of Mead Johnson. Continue reading “Linklaters leads for Reckitt Benckiser on $17.9bn acquisition of Mead Johnson”
High Court rules Dechert bill discrepancy ‘impossible to ignore’
The High Court has ruled that Eurasian Natural Resources Corporation (ENRC) will now have its multimillion-pound bills from Dechert assessed after the mining company had claimed it had been overcharged.
Continue reading “High Court rules Dechert bill discrepancy ‘impossible to ignore’”
Ashurst refreshes Hong Kong outpost with Linklaters hire
Ashurst continues to bulk up its Asia Pacific offering with the hire of Linklaters partner PH Chik to its Hong Kong office. Continue reading “Ashurst refreshes Hong Kong outpost with Linklaters hire”
‘Major implications for solicitors’: Law Society backs Mishcon in Dreamvar property fraud case
The Law Society is considering intervening in a negligence case between Mishcon de Reya and its former client, Dreamvar, after Dreamvar was duped into buying a property from a fake owner. Continue reading “‘Major implications for solicitors’: Law Society backs Mishcon in Dreamvar property fraud case”
Legacy Norton Rose partnership given limited voting rights on Chadbourne merger
Partners at legacy Norton Rose‘s European business will get a limited vote on the firm’s next potential US merger with New York firm Chadbourne & Parke, Legal Business understands. Continue reading “Legacy Norton Rose partnership given limited voting rights on Chadbourne merger”
Comment: There’s value in CMS’ purchase and one big hurdle ahead
In the wake of the eye-catching tie-up of CMS Cameron McKenna, Nabarro and Olswang, Legal Business noted last year that the gnomic messages around the union made it a hard one to judge. And even after a detailed assessment of the largest UK legal merger ever, as we undertake for this month’s cover feature, it’s not easy to put the pieces together. Continue reading “Comment: There’s value in CMS’ purchase and one big hurdle ahead”
In-house: BP starts panel review under new general counsel
BP has commenced a review of its panel of legal advisers, marking the oil giant’s first revamp since 2014. The decision to renovate the legal panel comes after the promotion of Eric Nitcher to general counsel (GC) in January this year. Continue reading “In-house: BP starts panel review under new general counsel”
Comment: As KWM cracks, beware re-written history and schadenfreude
Happy New Year, profession. Barely have we gotten into 2017 and the inevitable has happened: the legacy SJ Berwin business has entered administration, becoming the largest collapse in European legal history. Continue reading “Comment: As KWM cracks, beware re-written history and schadenfreude”
Eversheds average member remuneration drops 10% to £386,000, as staff costs increase 16% to £174m
Eversheds LLP’s have revealed that the firm’s average remuneration per member has dropped 10% from £410,000 to £386,000 as the firm’s staff costs have increased 16% from £150.2m to £174m. Continue reading “Eversheds average member remuneration drops 10% to £386,000, as staff costs increase 16% to £174m”
Magic Circle duo to take home £102m in fees from mega stock exchange merger
Freshfields Bruckhaus Deringer and Linklaters are expected to take home £102m in fees as they advise on the London Stock Exchange (LSE) and Deutsche Börse’s attempted tie-up. Continue reading “Magic Circle duo to take home £102m in fees from mega stock exchange merger”
Pinsents, Bond Dickinson and ShepWedd take panel spots for Severn Trent and United Utilities JV
Pinsent Masons, Bond Dickinson and Shepherd and Wedderburn have all won places on Water Plus’ legal panel. The new business water retailer is a joint venture launched by FTSE 100 water company Severn Trent and United Utilities. Continue reading “Pinsents, Bond Dickinson and ShepWedd take panel spots for Severn Trent and United Utilities JV”
Hogan Lovells International posts 26% PEP boost as firm moves to pay down pension liability
Hogan Lovells International, which covers the firm’s operations outside of the US, has seen an 8% increase in turnover compared to the previous year, according to the firm’s filings on Companies House. This saw revenue jump from £591m in 2015 to £638.2m for the year ended April 2016. Continue reading “Hogan Lovells International posts 26% PEP boost as firm moves to pay down pension liability”
Fieldfisher returns to Shanghai with four-partner office opening
Fieldfisher has strengthened its Chinese presence by opening a new office in Shanghai with four partners, and said it will double its partner count in the city by June this year. Continue reading “Fieldfisher returns to Shanghai with four-partner office opening”
In flux: Herbert Smith Freehills cites forex impact as accounts slice £38m off the top line
With complex structures and global operations, it has become increasingly difficult to benchmark financial performance of major law firms… which is why it is often revealing to compare public accounts to initial disclosures.
The latest case in point is Anglo-Australian giant Herbert Smith Freehills (HSF), which has just confirmed 2015/16 revenues nearly £40m lower than its initial disclosure, citing the dramatic impact of fluctuating currencies over the year.
A different Middle East playbook: Dentons launches in Jeddah as CC and HSF pull out of Qatar
Dentons has announced today (7 February) it is to launch in Jeddah at the same time as Clifford Chance and Herbert Smith Freehills have revealed plans to scale back their presence in the Middle East.
Texas rangers: Gibson Dunn and Winston & Strawn launch new offices in the Lone Star State
Gibson, Dunn & Crutcher and Winston & Strawn have both added to their footprints in Texas this week, simultaneously announcing new offices in Houston and Dallas respectively.
‘A self-serving industry’: barristers blast Bar Standards Board over training reform
Over 500 barristers have condemned proposals from the Bar Standards Board (BSB) to reform the regime for barristers-in-training.
High-profile members of the profession, such as former Lord Chief Justice Lord Woolf, are among the 505 signatories of an open letter to the BSB, criticising its suggestions for restructuring the exam process.
